Lim Chi Tat (39272) as the director of Asiatic Advisory Sdn. Bhd (‘the Company’) had been
reprimanded and imposed a costs of RM4000-00 by the Disciplinary Committee of the Institute on
14/3/2024 for he and/or the Company had advertised and/or promoted and/or represented on
https://malaysiadata.com, and https://buy.experian.com.my that the Company is in the business of
providing amongst others audit and taxation which may lead the public at large to infer that he and/or
the Company offer and/or provide audit and tax services despite the fact that he does not hold a
valid audit and tax agent license respectively issued by the relevant authority.
The use of the word ‘Accountant’
In Malaysia, the word ‘Accountant’ is protected as provided for under the provisions of the Accountants Act 1967 which states that no one can hold himself out or practise as an Accountant unless he is registered as a member of the Malaysian Institute of Accountants.
‘The Malaysian Institute of Accountants is committed to the observance and practice of the highest ethical standards of the accountancy profession. All PC holders are reminded that under the MIA By-Laws (On Professional Ethics, Conduct And Practice), no person shall practice or hold out anything on audit/tax services without a license approved by the Ministry of Finance. Every PC holder is therefore expected to comply fully with Section B200.1 to B200.6 of the MIA By-Laws (On Professional Ethics, Conduct And Practice) failing which, you may be held liable for unprofessional conduct and disciplinary action may be taken against you.’
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